Everybody knows

 "Everybody knows" that business must pay the lowest wage possible in order to stay in business. Econ 101, amirite?

In the eternal combat between theory and reality, I'll take reality every time, thankyouverymuch.
"Labor costs, including taxes and benefits, now account for about 17% of sales, up from 12% eight years ago. But the extra labor has helped CRC to fill more orders, and sales rose nearly 50% in the first seven months of 2021 versus a year earlier. That allowed better use of equipment and other fixed assets—to a degree that surprised Mr. Braun.
The higher margins are good for him, and employees also benefit through the company’s profit-sharing plan. Eligible employees received $355 in the second quarter of this year, the most the company has paid since 2012."
The actual content at the WSJ is behind a paywall, so I'll just leave this link: https://www.lawyersgunsmoneyblog.com/2021/08/just-crazy-enough-to-work?fbclid=IwAR2znijinwtcFbtfwG1c_HnCGDni5kMjVwKKtzRqzMr4VEtzrCKHb2Iaig0

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